Laura Rapaport Of North Bridge Closes $8.5 Million C-PACE Loan For JEMB Realty In Manhattan

A multifamily asset located at 50 West 34th Street in the Manhattan market was involved in a notable financing arrangement. The property consists of a three-building apartment complex known as Herald Towers and is set for infrastructure upgrades. The financing amount for this transaction reached $8,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Lender: Laura Rapaport - North Bridge
• Landlord: JEMB Realty
• Date of Transaction: 02/18/2026

This transaction marks the first multifamily C-PACE deal completed in New York City, reflecting a significant milestone in the real estate financing landscape. The financing was arranged through North Bridge ESG LLC, showcasing their role in facilitating the successful closure of this loan.